Ligi: Estonian pension reform will not be revised

While the Hungarian government is threatening to nationalise assets of pension funds, Estonian finance minister Jürgen Ligi says that Estonia will not revise its pension reform and the state’s payments to the 2nd pillar will continue as planned in 2011, Äripäev.ee/LETA reports.

Jürgen Ligi.

Ligi said that while the Estonian government suspended payments to the 2nd pillar pension funds temporarily but kept the long-term system running, Hungary is stopping payments and ending the whole system.

“I confirm that we will not revise the pension reform and temporary inevitability will not be extended,” said Ligi.

Political actions needed to reduce unemploymentNew Labour Market and Wage Developments Report (2014) published recently has shown that over 23,5 million people in the EU are out of job. According to the report, during five last years there was almost continuous decline in employment...